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Cryptocurrencies Hit $100 Billion Market Cap

posted by cmn32480 on Wednesday June 07 2017, @12:31PM   Printer-friendly
from the where-it-is-all-made-up-and-the-dollar-value-does-matter dept.

n1 writes:

Cryptocurrencies, as a whole, now hold over $100 billion in market cap for the first time. While bitcoin (BTC) leads the pack at just over $46.6 billion, or 47.9 percent of all cryptocurrencies, the recent surge in these other coins has helped to push the total cap over the top.

Since the Bitfinex hack low on August 2, bitcoin has traded better than JP Morgan, Goldman Sachs, Tesla, Apple, Google and gold. One of the few stocks to match the frenetic pace of bitcoin has been Nvidia, which is up over 200 percent since July of last year.

[...] Although China, Japan and South Korea are trading at a ~$100-plus premium compared to the exchanges in the United States, most of the volume [on June 5th] has been driven by USD.

Source: Bitcoin Magazine

Original Submission

 
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  • (Score: 0) by Anonymous Coward on Wednesday June 07 2017, @05:06PM

    by Anonymous Coward on Wednesday June 07 2017, @05:06PM (#522065)

    yeah, as oc(original commentor) above says, bitsquare. it's still in beta and setting up the funding (without banks, etc) and figuring out how to do a trade where your funds are protected seems a little daunting to me so far, but that's what i'm ultimately planning to use. if you just want to buy btc without a bunch of bs and you "don't mind" giving away some personal info (without picture id upload or full ssn if only funding with bank transfer) then coinbase is pretty painless. after that, bittrex is pretty painless and trustable for trading. maybe crytopia. ultimately i hope bitsquare can be used for everything. having to use exchanges and banks is kind of missing the whole point of human to human free trade. (god forbid, won't someone think of the children!)